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Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2024
Segment Reporting [Abstract] |
Schedule Of Financial Data | The following tables set forth certain financial data for the company’s operating segments (in thousands):
| Three Months Ended March 31,
| 2024 |  | 2023
Revenues |  |  |
Ethanol production |  |  |
Revenues from external customers | $ | 504,446 |  |  | $ | 696,613 |
Intersegment revenues | 1,213 |  |  | 1,105 |
Total segment revenues | 505,659 |  |  | 697,718 |
Agribusiness and energy services |  |  |
Revenues from external customers | 92,768 |  |  | 136,336 |
Intersegment revenues | 6,228 |  |  | 6,050 |
Total segment revenues | 98,996 |  |  | 142,386 |
Revenues including intersegment activity | 604,655 |  |  | 840,104 |
Intersegment eliminations | (7,441) |  |  | (7,155) |
| $ | 597,214 |  |  | $ | 832,949 |
Refer to Note 2 - Revenue, for further disaggregation of revenue by operating segment.
| Three Months Ended March 31,
| 2024 |  | 2023
Cost of goods sold |  |  |
Ethanol production (1) | $ | 508,302 |  |  | $ | 706,133 |
Agribusiness and energy services | 87,986 |  |  | 133,280 |
Intersegment eliminations | (7,441) |  |  | (7,155) |
| $ | 588,847 |  |  | $ | 832,258 |
| Three Months Ended March 31,
| 2024 |  | 2023
Gross margin |  |  |
Ethanol production (1) | $ | (2,643) |  |  | $ | (8,415) |
Agribusiness and energy services | 11,010 |  |  | 9,106 |
| $ | 8,367 |  |  | $ | 691 |
| Three Months Ended March 31,
| 2024 |  | 2023
Depreciation and amortization |  |  |
Ethanol production | $ | 20,534 |  |  | $ | 23,754 |
Agribusiness and energy services | 505 |  |  | 813 |
Corporate activities | 448 |  |  | 819 |
| $ | 21,487 |  |  | $ | 25,386 |
| Three Months Ended March 31,
| 2024 |  | 2023
Operating income (loss) |  |  |
Ethanol production (2) | $ | (33,653) |  |  | $ | (41,950) |
Agribusiness and energy services | 6,004 |  |  | 4,126 |
Corporate activities | (17,240) |  |  | (18,716) |
| $ | (44,889) |  |  | $ | (56,540) |
(1)Costs historically reported as operations and maintenance expenses in the consolidated statements of operations are now being reported within cost of goods sold, resulting in increased cost of goods sold and decreased gross margin within the ethanol production segment. (2)Operating loss for ethanol production includes an inventory lower of average cost or net realizable value adjustment of $4.2 million for the three months ended March 31, 2024.
Schedule Of Total Assets For Operating Segments | The following table sets forth total assets by operating segment (in thousands):
| March 31, 2024 |  | December 31, 2023
Total assets (1) |  |  |
Ethanol production | $ | 1,290,485 |  |  | $ | 1,275,562 |
Agribusiness and energy services | 400,584 |  |  | 413,937 |
Corporate assets | 112,473 |  |  | 254,300 |
Intersegment eliminations | (4,107) |  |  | (4,477) |
| $ | 1,799,435 |  |  | $ | 1,939,322 |
(1)Asset balances by segment exclude intercompany balances.

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